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RBI penalises UCO Bank, Axis...

Mumbai : The Reserve Bank of India (RBI)...

RBI expected to soften stance...

Mumbai : The Reserve Bank of India is...

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with its circular on 'Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account' and Master Directions on 'Frauds - Classification and Reporting by commercial banks and select FIs'. In addition, a separate penalty of Rs 20 lakh was imposed...

RBI penalises UCO...

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in...

RBI expected to...

Mumbai : The Reserve Bank of India is widely expected to keep its key lending rate for commercial banks unchanged at 6.5 per cent for the third...

Biggest bank fraud...

By Biswajit Choudhury, New Delhi : The year leading up to the 2019 general elections was defined by a slowdown in investment, slackening growth, falling...

RBI’s outreach effort,...

Mumbai : Hopes of lower interest rates and more liquidity on the back of easing retail inflation and the Reserve Bank's outreach efforts and...

Differences either get...

Mumbai : Admitting to differences with Urjit Patel, who quit as RBI Governor, Finance Minister Arun Jaitley on Thursday said the government is the...

Urjit Patel quits...

Mumbai : Reserve Bank of India (RBI) Governor Urjit Patel resigned on Monday with immediate effect, citing "personal reasons", setting of a major crisis...

Any attempt by...

KOLKATA : Coming down heavily on the Narendra Modi government for making efforts to “capture” the RBI, Congress leader and former Union finance minister P...

India’s current economic...

By Biswajit Choudhury, New Delhi : The sharply depreciating rupee amidst rising global oil prices and the massive foreign funds outflow from the capital market...

Demonetization ‘butchered’ Indian...

Mumbai : The Shiv Sena on Friday again attacked the BJP for demonetizing Rs 500 and Rs 1,000 bank notes in 2016, calling it...
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